I think, Paper money will continueit's role in any economy.
it's unimaginable without paper money, this is the most popular form of money. People feel comfortable to purchase in regular life by spending money. It will be difficult to replace by any other form of currency.
So I believe that, future of Paper money is certainly certain.
Topic: The future of the paper money - page 115. (Read 416566 times)
paper money will continue to be problematic because times had changed, the transaction may not continue to depend on global paper money because human mobility is very high. bitcoin is the best solution to replace its paper money.
We are into the new modern day and the technology is on a fast paced. The future of paper money will be depending on the technology and just like bitcoin, currencies will be on a digital type. Because paper money is going to be obsolete as people wants to make the transaction faster and that will be possible with online transaction.
digital money more safer than paper money... future is digital concept
It's not only that we use because it is safe, what matters is to serve all the people and digital money is not for the poor. Paper money is very simple to use and there is no problem with using it, I guess it is also safe in the sense that your money is not vulnerable to hacks. Depends actually on your status in life, poor people has no interest with digital currency and paper money already gives convenience to them.
The future paper money will remain on use it for all nations, although at the is much currency new in use.
A little example currency digital much used in now so that many investors or the the seller and buyer transact use currency this digital.
But a paper currency had more historical value to all states.
A little example currency digital much used in now so that many investors or the the seller and buyer transact use currency this digital.
But a paper currency had more historical value to all states.
To sum it all up, every currency will be digital only and there will be no more paper money. It is the digital age, people.
it is hardly happening in this decade and even the next decade. People are still very ignorant and I dont think that they can learn how to use Bitcoin or crypto in the near future. Moreover, many countries do not have technology and gadget to use Bitcoin
To sum it all up, every currency will be digital only and there will be no more paper money. It is the digital age, people.
it is hardly happening in this decade and even the next decade. People are still very ignorant and I dont think that they can learn how to use Bitcoin or crypto in the near future. Moreover, many countries do not have technology and gadget to use BitcoinI don't think it will require plenty of time to get used to digital money
Personally, I'd rather say it is sooner a matter of technology itself not available everywhere (and that will likely persist for quite some time) as well as a question of convenience (and that, I guess, will always be there). In many cases payment cards (the representation of digital money in real life) are not very handy overall, for example, in a bar (when you look for a hooker) or in a restaurant when you want to leave hefty tips to show off before your girlfriend
Government always wants to control society and money is one of the tools to do it. With cryptocurrency it's hard as it is decentralized and doesn't depend on anything that is under governments' sphere of influence. But it won't loose it's control because each country's economy partially depends on local currency. So, I think, they won't allow cryptocurrency prevail.
paper money will continue to be problematic because times had changed, the transaction may not continue to depend on global paper money because human mobility is very high. bitcoin is the best solution to replace its paper money.
You have no idea what you are talking, people will be problematic if we will force them to adopt crypto currency when they do notfully understand it, paper money has been here for many years and people been using it with no problem.
paper money will continue to be problematic because times had changed, the transaction may not continue to depend on global paper money because human mobility is very high. bitcoin is the best solution to replace its paper money.
To sum it all up, every currency will be digital only and there will be no more paper money. It is the digital age, people.
it is hardly happening in this decade and even the next decade. People are still very ignorant and I dont think that they can learn how to use Bitcoin or crypto in the near future. Moreover, many countries do not have technology and gadget to use BitcoinI have a feeling that paper money will somehow disappear one day and things like credit card payments will be the norm for the people living in the next generation. Since there is a bunch of people that already owe a bunch of money to those credit card companies, I think that they will try to erase people's credit card debt if the individuals move to a different payment system that they have. Since they technically owe zero money only Fiat, I am sure that it would be possible if they get large enough.
Yes, I agree with this. This is becoming more and more visible even at the present moment. Less people are using cash and mostly we prefer paying by credit card. However there is still seeking of new payment method which would be the safest and more convenient.
digital money more safer than paper money... future is digital concept
Yes, in history of many countries we see that the government has taken steps due to certain reasons most common among them is to hold and freeze the black money so the government change the currency notes. An example of this is the approach recently practiced by the Indian government, where the government decided to change the currency notes. 
I have a feeling that paper money will somehow disappear one day and things like credit card payments will be the norm for the people living in the next generation. Since there is a bunch of people that already owe a bunch of money to those credit card companies, I think that they will try to erase people's credit card debt if the individuals move to a different payment system that they have. Since they technically owe zero money only Fiat, I am sure that it would be possible if they get large enough.
Paper currency is not prohibited but paper money circulation is used less.
Is not that right now too? We use credit cards.
The privacy issue is nice if there are risks about security.
Some of the private sector is already using it. public still hesitates.
Is not that right now too? We use credit cards.
The privacy issue is nice if there are risks about security.
Some of the private sector is already using it. public still hesitates.
That's what bitcoin is here to replace.
The credit cards, all the payments that are being processed online could be replaced by this nice and safe thing called bitcoin.
I hope that the whole world will start realize what great deal we are facing .
I think that paper money will always be popular and in demand, because it is much more pleasant to feel bills in your hands than to constantly worry about a possible hacking of your card or electronic wallet.
But it's even more pleasant going to sleep knowing the fact that bitcoins has increased by $300 and probably would increase more in the coming years. Even though we don't feel it, fiat is inflating heavily. We all know that everything that's not scarce will have a zero value. The government literally just print out money whenever they need it while everyone else has to go to their shitty job for 8AM to 5PM everyday and do overtime just to get some more money.
It will come to the point when fiat is too many that your currency isn't worth that much. You'd think that the commodities are becoming more and more expensive when it's just your currency devaluating.
To sum it all up, every currency will be digital only and there will be no more paper money. It is the digital age, people.
it is hardly happening in this decade and even the next decade. People are still very ignorant and I dont think that they can learn how to use Bitcoin or crypto in the near future. Moreover, many countries do not have technology and gadget to use Bitcoin
Paper currency is not prohibited but paper money circulation is used less.
Is not that right now too? We use credit cards.
The privacy issue is nice if there are risks about security.
Some of the private sector is already using it. public still hesitates.
Is not that right now too? We use credit cards.
The privacy issue is nice if there are risks about security.
Some of the private sector is already using it. public still hesitates.
Paper money/cash will be gone overtime. When you think about it, it's 2017, and we still pay some goods with cash. Not to mention the administration hassle that comes with it for merchants/retailers and the money collecting process by banks. Costing man hours, trainings, fuel and a bunch more. While electronic transactions like bitcoin or a classic bank transaction are way more efficient!
I'm not saying bitcoin will replace paper money / cash. Bitcoin is simply to slow and limited in transactions in it's current state to be suitable for mass adoption and replace paper money. But the fact is there, paper money/cash is one of the most outdated methods to pay for goods and totally un-efficient.
Having said all that, I do think this will take another 2, maybe 3 decades before actual paper money/cash is really gone from the system and replaced by something else.
I'm not saying bitcoin will replace paper money / cash. Bitcoin is simply to slow and limited in transactions in it's current state to be suitable for mass adoption and replace paper money. But the fact is there, paper money/cash is one of the most outdated methods to pay for goods and totally un-efficient.
Having said all that, I do think this will take another 2, maybe 3 decades before actual paper money/cash is really gone from the system and replaced by something else.
And bitcoin really has an opportunity to improve the current circulation system of paper money. Where bitcoin is much more efficient with the lower transaction costs imposed.
Paper money/cash will be gone overtime. When you think about it, it's 2017, and we still pay some goods with cash. Not to mention the administration hassle that comes with it for merchants/retailers and the money collecting process by banks. Costing man hours, trainings, fuel and a bunch more. While electronic transactions like bitcoin or a classic bank transaction are way more efficient!
I'm not saying bitcoin will replace paper money / cash. Bitcoin is simply to slow and limited in transactions in it's current state to be suitable for mass adoption and replace paper money. But the fact is there, paper money/cash is one of the most outdated methods to pay for goods and totally un-efficient.
Having said all that, I do think this will take another 2, maybe 3 decades before actual paper money/cash is really gone from the system and replaced by something else.
I'm not saying bitcoin will replace paper money / cash. Bitcoin is simply to slow and limited in transactions in it's current state to be suitable for mass adoption and replace paper money. But the fact is there, paper money/cash is one of the most outdated methods to pay for goods and totally un-efficient.
Having said all that, I do think this will take another 2, maybe 3 decades before actual paper money/cash is really gone from the system and replaced by something else.
To sum it all up, every currency will be digital only and there will be no more paper money. It is the digital age, people.
it is hardly happening in this decade and even the next decade. People are still very ignorant and I dont think that they can learn how to use Bitcoin or crypto in the near future. Moreover, many countries do not have technology and gadget to use BitcoinJump to: